I was watching the premarket price of $1.70 and left my desk at work for 10 minutes to come back to a price of $2.72. I was wanting to buy at $1.70. I buy what I thought to be a dip at $2.50 premarket looking for a morning spike and the spike didn't come till 10:10 market time. after being down to $2.15 I cut losses in the sideways struggle of $2.25 price action. NOTE: NEVER CHASE LARGE SPIKES.